Pathways Management Group Inc
- Assets
- $26.0m
- Revenue
- $4.9m
- Investments
- $11.2m
- Employees
- 52
- Location
- Pasadena, CA
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 27-3946421
Organization Overview
Pathways Management Group Inc is located in Pasadena, CA. The organization was established in 2019. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Pathways Management Group Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pathways Management Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pathways Management Group Inc generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $6.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT OF CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES THE AFFILIATED ENTITIES' FACILITIES INCLUDING A GROUP OF CHARTER SCHOOLS AND PROVIDES THE EDUCATIONAL PROGRAMING FOR INDEPENDENT STUDY-BASED INSTRUCTION.
PROGRAM FINANCING TO MANAGE ORGANIZATIONS
PROGRAM ACTIVITIES FROM THE WORKFORCE INNOVATION AND OPPORTUNITY ACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Thomas Board Member | Trustee | 4 | $0 |
Dr Stuart Gothold Board Member | Trustee | 4 | $0 |
John Hall President | Officer | 1 | $0 |
Joan Hall Vice President | Officer | 1 | $0 |
Jamie Donahue Secretary | Officer | 1 | $0 |
John Hall Jr Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maginnis Knechtel & Mclntyre Cpa Firm (Tax And Audit Services) | 6/29/20 | $107,075 |
Snell & Wilmer Llp Law Firm (Legal Consultant Services) | 6/29/20 | $173,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $261,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,949 |
| Total Program Service Revenue | $4,526,825 |
| Investment income | $63,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,851,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,512,603 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,486,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,688,450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,882 |
| Advertising and promotion | $452 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,058 |
| Travel | $30,956 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,131 |
| Insurance | $49,873 |
| All other expenses | $0 |
| Total functional expenses | $6,312,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,808,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,718,758 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,178,935 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,020 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,249,117 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,436 |
| Total assets | $25,985,515 |
| Accounts payable and accrued expenses | $645,672 |
| Grants payable | $0 |
| Deferred revenue | $1,020,602 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,666,274 |
| Net assets without donor restrictions | $24,319,241 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,985,515 |
Grants Awarded
Over the last fiscal year, Pathways Management Group Inc has awarded $1,510,069 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PATHWAYS IN EDUCATION - ARIZONA INC PURPOSE: LOAN FORGIVENESS | $1,200,000 |
PATHWAYS IN EDUCATION - ARIZONA INC PURPOSE: FOR PIE INC PROGRAM | $192,055 |
PATHWAYS IN EDUCATION - NAMPA INC PURPOSE: FOR PIE INC PROGRAM | $118,014 |